Worldwide Homeland Security Market to See 9.86% CAGR to 2019
DALLAS, January 25, 2015 /PRNewswire/ --
ReportsnReports.com adds Global Homeland Security Market 2015 -2019 research report that provides segment analysis based on Border Security, Aviation, Maritime, CBRN, Counter Intelligence and Homeland Defense Security.
An increased focus on public safety and security is one major trend in this market. With the rise in terrorist attacks, the need for public safety and security is becoming a prime concern globally. Homeland security systems are required to detect weapons, bombs, or any other machine that could harm a person or a place. Therefore, the growing need for public safety and security is accelerating the growth of the Global Homeland Security market.
Analysts forecast the Global Homeland Security market to grow at a CAGR of 9.86% over the period 2014-2019. According to the report, one of the major drivers of the market is the need for a quick response to catastrophic attacks. With an increase in terrorism, law enforcement agents are expected to look proactively for a suspect, act quickly to rescue victims in case of an attack, and take precautionary safety measures.
The report covers the present scenario and the growth prospects of the Global Homeland Security market for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the following segments of the Homeland Security market:
- Border Security (includes revenue generated from perimeter and border surveillance systems, manned vehicles and aircrafts, unmanned aerial vehicle, and unmanned ground vehicle)
- Aviation Security (includes revenue generated from passenger and baggage screening technologies, access control, digital surveillance, and perimeter security)
- Maritime Security (includes revenue generated from sales of maritime security products such as access control and biometrics, surveillance and tracking, detectors, SCADA, GIS, and communications)
- CBRN Security (includes revenue generated from CBRN detection, CBRN protection, CBRN decontamination, and CBRN simulation equipment)
- Counter Intelligence Security (includes revenue generated from counter improvised explosive devices and video surveillance)
- Homeland Defense Security (includes revenue generated from defense, security products such as RFID, explosives trace detection, intrusion detection systems, and video surveillance)
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The report recognizes the following companies as the key players in the Global Homeland Security Market: BAE Systems Inc., General Dynamics Corp., Lockheed Martin Corp., Northrop Grumman Corp. and Raytheon Co.
Other Prominent Vendors in the market are: Accenture, AeroVironment, Boeing, Booz Allen Hamilton, Bruker, DRS Technologies, Elbit Systems, General Atomics Aeronautical Systems, GE Aviation, IBM, L-3 Communications, Safran, Textron Marine and Land Systems, Thales Group and Unisys.
Key Market Driver - Need for Quick Response to Catastrophic Attacks
Key Market Challenge - Discrepancy in Government Regulations
Key Market Trend - Increased Focus on Public Safety and Security
Further, the report states that one major challenge in the market is discrepancies in government regulations. Increasing disparities in government regulations in overseeing and testing new technologies are directly affecting the growth of the Global Homeland Security market.
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